INNOVATION IN RUSSIAN PRODUCTION AND EXPORT OF GAS

Abstract

The importance of developing the natural gas liquefaction industry in the Russian Federation is caused by political and economic reasons. In contrast to pipeline export gas supply, when Russia gets into serious dependence on transit countries and countries consuming gas liquefied natural gas (LNG) provides an opportunity to manoeuvre volumes and directions of sales. Due to the fact that the Asia-Pacific region is taking the leading positions in global gas consumption Russian oil and gas companies need LNG to re-orientate gas flows in the eastern direction. The author shows that in order to build the advanced highly technological gas industry Russian companies today should set the foundation for refinery of traditional natural gas and oil gas and methane from coal layers too get liquefied synthesis-fuel of high quality. In the near future Russia should take a leading position in the global trade on highly technological gas produce.

Keywords

• production and export of gas
• innovation
• pipeline and liquefied natural gas
• lng market
• british thermal units
• future
• forward and spot deals
• accompanying oil and coal gas
• synthetic liquid fuel